Industrial food ingredients expected to be a valuable additional commercialization channel
Company to build out internal sales and marketing team to pursue new channel
BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024
BEND, Ore., June 25, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced that it will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate (CAGR) of 4.8%.